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Cable Update (GBPUSD)

  • #150,781
  • Jul 25, 2009 2:56am Jul 25, 2009 2:56am
Quoting malcolmb14
lets see dj ripping ...I smell bull trap

the gbp futures end on week on doji with 235 pip spread on week ..... but check out that volume

the daily chart show either high volume up bars or low spread high volume up bars (sellers). i suggest this week there has been major distribution in GU

next week could be another week like this but something is brewwing

DJ moved almost 11% last week based on what exactly ? earnings reports that were better than expected ? but at the best the expected was pathetic .... didn't most companies lose up to 60...
.......
Ghost Rider - WWTBMD?
  • #150,782
  • Jul 25, 2009 3:07am Jul 25, 2009 3:07am
Quoting RichLadyFX
I see.

Not familiar with the jargon.

Greeting from Malaysia. Nice to know you all.
hi.. greeting... Nice to know u too.. happy trading..
  • #150,783
  • Jul 25, 2009 4:19am Jul 25, 2009 4:19am
I think the dow will go to 161.8
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 60) dow weekly 25 july 09.gif Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,784
  • Jul 25, 2009 4:25am Jul 25, 2009 4:25am
Harami off rising TL ,needs confirmation,but wedge.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,785
  • Jul 25, 2009 4:29am Jul 25, 2009 4:29am
Break out ?may be?
Attached Image (click to enlarge)
Click to Enlarge Name: 60) gbp jpy 25 july 09.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,786
  • Jul 25, 2009 4:53am Jul 25, 2009 4:53am
It is a good place for a bounce ,daily dose look like a reversal set up with bullish divergence ,100% is on the cards
Attached Image (click to enlarge)
Click to Enlarge Name: 60) usdx w1 25 july 09.gif Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,787
  • Jul 25, 2009 4:55am Jul 25, 2009 4:55am
Quoting Bones
I think the dow will go to 161.8

Hey buddy,
As a newbie, Until recently I had no idea what effects the DOW had on the markets. But I'm trying to learn. As such, I have my S/R slightly different than yours. 8100 & 9100.

First chart shows it's just bounced a "little" off that S/R.

Second chart goes back to roughly mid Oct 2008 and it would "seem" that 9100 (green arrows) is a decent S/R. Am I way off here? Thanks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dji_d.gif Size: 16 KB
Click to Enlarge Name: dji_d_2.gif Size: 18 KB
Ghost Rider - WWTBMD?
  • #150,788
  • Jul 25, 2009 5:02am Jul 25, 2009 5:02am
But,Pin off support ,Divergence,Lower wicks ,its being defended hard.
Could be spike down,after little up.
Then $ bulls back?
Attached Image (click to enlarge)
Click to Enlarge Name: 60) usdx d1 25 july 09.gif Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,789
  • Jul 25, 2009 5:04am Jul 25, 2009 5:04am
Quoting Bones
Break out ?may be?
Agree with you and same goes to GU as they were similar.

If THEY want to set a trap before go southway, they have to put some baits with a spikes on up move then turn down. Or if a true breakout happened then we still win this on both situation.
If no spikes then THEY have to go for a long ranging(break the lower trendline on weekly TF) before turn south.

p/s: Still hold my long at 1.6400
Pride of opinion is a characteristic of losing traders
  • #150,790
  • Jul 25, 2009 5:09am Jul 25, 2009 5:09am
Its a PPZ for def chris but the weekly trumps it infact I wouldn't be suppried if we open over.There where no sellers in the last week whatsoever.Or the week before.3 solidiers hits target.


Quoting albchr
Hey buddy,
As a newbie, Until recently I had no idea what effects the DOW had on the markets. But I'm trying to learn. As such, I have my S/R slightly different than yours. 8100 & 9100.

First chart shows it's just bounced a "little" off that S/R.

Second chart goes back to roughly mid Oct 2008 and it would "seem" that 9100 (green arrows) is a decent S/R. Am I way off here? Thanks!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,791
  • Jul 25, 2009 5:09am Jul 25, 2009 5:09am
Quoting Bones
Harami off rising TL ,needs confirmation,but wedge.
I'm thinking the $ is getting stronger and think the GU is set for a fall. Long term daily TL was pierced Thursday and Friday but closed below. 4H shows some pretty bearish moves and as of Friday's close, looks poised to break that lower TL. Should be interesting...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu_Daily.gif Size: 19 KB
Click to Enlarge Name: gu_4.gif Size: 25 KB
Ghost Rider - WWTBMD?
  • #150,792
  • Jul 25, 2009 5:10am Jul 25, 2009 5:10am
Quoting Bones
Its a PPZ for def chris but the weekly trumps it infact I wouldn't be suppried if we open over.There where no sellers in the last week whatsoever.Or the week before.3 solidiers hits target.

Thank you sir....
Ghost Rider - WWTBMD?
  • #150,793
  • Jul 25, 2009 5:16am Jul 25, 2009 5:16am
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  • #150,794
  • Jul 25, 2009 5:32am Jul 25, 2009 5:32am
Could be Chris ,if we kick off bearish,
I will agree ,when the low of this week is taken which isn't far away.
I also agree correction is on the cards but the weekly is not telling me that is about to happen ,I see the uncertainty for up tho...

Quoting albchr
I'm thinking the $ is getting stronger and think the GU is set for a fall. Long term daily TL was pierced Thursday and Friday but closed below. 4H shows some pretty bearish moves and as of Friday's close, looks poised to break that lower TL. Should be interesting...
Attached Image (click to enlarge)
Click to Enlarge Name: 60) gbp usd weekly 25 july 09.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,795
  • Jul 25, 2009 5:39am Jul 25, 2009 5:39am
Quoting Bones
Could be Chris ,if we kick off bearish,
I will agree ,when the low of this week is taken which isn't far away.
I also agree correction is on the cards but the weekly is not telling me that is about to happen ,I see the uncertainty for up tho...

I agree the picture is far from clear at this point. Although I need to make some pennies next week, I'll be sitting on my hands watching for only the clearest clues for any positions (hourly...lol) up or down. It's likely to be dangerous waters next week or two as I think the big boys will be shaking out both the weak long and short positions...LOL

For any "longer" term (day/Week) view, I'll need to see a solid break of 6600 for long or 6330 for short.
Ghost Rider - WWTBMD?
  • #150,796
  • Jul 25, 2009 5:44am Jul 25, 2009 5:44am
Yea its been tricky to say the least lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,797
  • Jul 25, 2009 5:53am Jul 25, 2009 5:53am
The pound is on a Nice rising TL ,and the approach makes me think it will hold ,this time..
Attached Image (click to enlarge)
Click to Enlarge Name: 60)gbp lfx ,w1, 25th july no 2.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #150,798
  • Jul 25, 2009 6:25am Jul 25, 2009 6:25am
Last Week I Posted Here.

Can't be bothered annotating it. All the charts are fairly obvious. You can see Support becoming resistance/resistance becoming support. Uptrend through candles becoming the highs etc etc.

All fairly simple stuff. Enjoy.
  • #150,799
  • Jul 25, 2009 6:31am Jul 25, 2009 6:31am
Annoyingly had to change format because connection here is slow:

Note on the hourly, I'm missing a line with the first channel which marks the second low.
Attached Image(s) (click to enlarge)
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  • #150,800
  • Jul 25, 2009 6:32am Jul 25, 2009 6:32am
Quoting KillPhil08
Last Week I Posted Here.

Can't be bothered annotating it. All the charts are fairly obvious. You can see Support becoming resistance/resistance becoming support. Uptrend through candles becoming the highs etc etc.

All fairly simple stuff. Enjoy.
To borrow from Wasp...

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